Economy has capacity to bounce back

The Prime Minister Narendra Modi with participants at the pre-budget exercise on 9 Jan 2020 in New Delhi.

Sectors like Tourism, Urban Development, Infrastructure and Agri based Industry have a great potential to taking forward the Indian economy and create jobs, Prime Minister Narendra Modi told various senior Economists, Private Equity/Venture Capitalists and Business Leaders.

He held a two-hour meeting at NITI AAYOG in New Delhi on 9 Jan 2020 and heard the experience of people on the ground and those working in their respective fields.

The Prime Minister pointed out that the US$5 trillion Economy is not a sudden development as it is based on a deep understanding of the strengths of the country.

The strong absorbent capacity of Indian economy shows the strength of basic fundamentals of the economy and its capacity to bounce back.

The meeting, described as a pre-Budget exercise, would also foster a positive mood and “can do” spirit in the society, add the Prime Minister.

Stating that India is land with unlimited possibilities he requested all stakeholders to do their bit to bridge the gap between reality and perception.

“We must all work together and start to think like a nation,” Modi stressed.

The meeting was attended by the likes of economists Shankar Acharya, R Nagaraj, Farzana Afridi, Venture Capitalist Pradip Shah, Industrialists Apparao Mallavarapu, Deep Kalra, Patanjali Govind Keswani, Deepak Seth, Srikumar Misra, Subject Experts Ashish Dhawan and Shiv Sarin.


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